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PhonePe likewise introduced the visit of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
Binny Bansal played a crucial function in Flipkart’s procurement of PhonePe back in 2016 (File Photo)
Flipkart’s founder Binny Bansal has actually tipped down from the board of PhonePe, the fintech business stated on Friday.
PhonePe likewise introduced the visit of Manish Sabharwal as an Independent Director and Chair of its Audit Committee.
In this function, Sabharwal will certainly contribute in supporting the honesty and performance of PhonePe’s monetary coverage, interior controls, and threat administration methods, he business stated in a launch.
” PhonePe likewise introduced that Flipkart’s founder, Binny Bansal has actually tipped down from its Board ofDirectors Binny obtained PhonePe in 2016 and has actually gotten on its Board ever since,” the release said.
Commenting on the board rejig, Sameer Nigam, CEO and Founder of PhonePe said, “I would like to express my heartfelt gratitude to Binny Bansal for being one of PhonePe’s earliest and staunchest supporters. His active engagement, strategic guidance, and personal mentorship have profoundly enriched our discussions. Binny will be missed!”
Nigam additionally stated that Sabharwal’s deepness of understanding of India’s macro economic situation, combined with his management in shaping India’s plans for education and learning, work, and employability will certainly be very useful as PhonePe remains to function in advance in the direction of shared vision of a Viksit Bharat by 2047.
Sabharwal is Vice-Chairman of Teamlease Services, India’s biggest staffing and human funding company.
Bansal played a crucial function in Flipkart’s procurement of PhonePe back in 2016 and had actually gotten on its board ever since (the settlements company divided from Flipkart in 2022).
(This tale has actually not been modified by News 18 personnel and is released from a syndicated information firm feed – PTI)
